What most people want to know: How long will the market continue to fluctuate? To put it simply, the current volatile market is mainly driven by significant macroeconomic uncertainty, particularly the interest rate policy of the Federal Reserve. Therefore, the market is oscillating back and forth in a tug of war between two expectations: Expectation of interest rate cuts (bullish): The market expects interest rate cuts to release liquidity and benefit Bitcoin High interest rate reality (bearish): Continued inflationary pressure and strong economic data make the Federal Reserve hesitant to cut interest rates easily, and the high interest rate environment will continue to suppress risk appetite As long as this tug of war doesn't end, the volatile market will be difficult to end, which is also something that makes Trump feel tortured In fact, the cryptocurrency market itself has temporarily lost its pricing power and is completely following macroeconomic sentiment fluctuations To end the oscillation, there are several decisive factors Firstly, there is a clear trend in inflation data. Only when inflation data for 2-3 consecutive months shows a continuous downward trend can the market reach a consensus on a 99% interest rate cut. As long as inflation data does not surrender clearly, market volatility will continue. Next is the clear turning signal from the Federal Reserve, when the Fed chairman speaks or provides a relatively clear schedule for interest rate cuts in a dot matrix. The FOMC meetings in the coming months (especially September) are crucial, and with the patience of the market now, there is a high probability of a deeper correction without a rate cut in September, followed by continued volatility Finally, regarding the employment market data, as long as it weakens, the Federal Reserve has sufficient reason to immediately cut interest rates Therefore, optimistically speaking, the volatility may last for 2-3 months, although this probability is not high. From the trend, BTC maintaining a high and wide range volatility may be the main tone for this year.